Average Credit Card debt has continued to decrease over the past seven quarters by 3.8 per cent in Q2 2012 from the same period last year.

Average Bank Installment loans grew by 3.4 per cent over same period last year and average Bank Revolving Loans (Lines of Credit) grew by only 0.5 per cent.

90 day delinquencies have continued to improving, decreasing to a rate of 1.37 per cent as of June 30, 2012.

Consumer bankruptcies have continued to show improvement, decreasing by 4.5 per cent from the same period last year.

With the velocity of new debt improving (decreasing) along with the improvements in delinquency rates and bankruptcy filings notwithstanding, an “economic soft landing” (if such a thing really exists in spite of how often we here economists and the financial media talk about it ) from our decade long debt binge is far from assured.

Case Receivable Management Inc. is dedicated to reducing the financial losses of our clients through the expeditious recovery of their aged receivables and bad debts. By way of negotiations, diplomacy, skill, and respect for the individual it is our mission to mitigate the potential financial losses of our clients while leaving their customers feeling that they have been treated professionally and with dignity.